For the three months ended September 30, 2012 and 2011, aggregate restructuring charges of $0.3 million and $3.0 million, respectively, were recorded in the Company’s consolidated statements of earnings related to the Program. These charges primarily reflected employee-related costs, asset write-offs, contract terminations and other exit costs.The Company recorded other charges in connection with the implementation of the Program for the three months ended September 30, 2012 and 2011 of $0.1 million and $1.7 million, respectively, primarily related to consulting and other professional services. For the three months ended September 30, 2011, the Company recorded an adjustment to reduce the reserve for then-anticipated sales returns associated with restructuring activities of $0.7 million and a charge to cost of sales of $0.1 million.
The Estée Lauder Companies Reports Solid Fiscal 2013 First-Quarter Results - Earnings Per Share Rose 12% To $.79 - Before Charges
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